CHARLOTTESVILLE, VA – Greystar, a global leader in the investment, development, and management of residential real estate, announced the start of construction on Old Ivy Residences, a hybrid multifamily and build-for-rent community in Albemarle County, Virginia.
“Greystar is excited to make our entry into the fast-growing Charlottesville market by providing a unique mix of rental housing for the broader community,” John Clarkson, Senior Managing Director. “We believe our project will provide an important variety of homes for young professionals, students, faculty and families who support the Charlottesville way of life.”
Old Ivy Residences’ multifamily component will have 336 garden-style apartments with one-, two- and three-bedroom floorplans. The build for rent component will be a mix of 189 three-bedroom detached homes and townhomes. The community will reserve 15 percent of its residences for households earning up to 80 percent of area median income.
The property will boast more than eight acres of curated greenspace along with a trail, playgrounds, sports courts, dog parks, a putting green and two pools. The amenities within the two standalone clubhouses will include coworking space, a library, golf simulator, two fitness centers and a food and sundries market.
Old Ivy Residences is located at the intersection of US 29 and Old Ivy Road in very close proximity to the University of Viriginia’s North Grounds that is home to the Darden School of Business and the UVA School of Law, both of which are consistently ranked as top schools in their respective fields of study. Additionally, residents will be close to the University’s sporting and entertainment venues and nearby to downtown Charlottesville’s local dining and shopping options.
Construction began in September with the first units slated to deliver in the second quarter of 2026.

NEW YORK, NY – J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) announced the acquisition of two residential assets: The Preserve at Pine Valley in Wilmington, NC and Bass Lofts in Atlanta, GA. These strategic acquisitions underscore JPMREIT’s commitment to expanding its portfolio of high-quality, attainable housing assets in high-growth markets.
The Preserve at Pine Valley, a 219-unit, Class-B housing community, was acquired in a 90/10 joint venture partnership with Ginkgo Residential, a Charlotte-based owner and operator focused on workforce housing. Situated in central Wilmington, the property offers residents convenient access to Downtown Wilmington, Wrightsville Beach, and the Novant Regional Medical Center. The property is ideally positioned to benefit from Wilmington’s robust economic and demographic growth, which, to date, has resulted in a 70% cumulative increase in population since 2000. The total purchase price was $32.1 million, exclusive of closing costs.
Bass Lofts is a 133-unit, adaptive reuse, Class-A multifamily property located in the intown neighborhood of Little Five Points in Atlanta, GA. This unique asset offers a prime location with easy access to Downtown Atlanta, Midtown, and Buckhead, as well as major highways. Originally constructed in 1923 as a school, Bass Lofts is currently 96% leased, reflecting strong demand for quality housing in the area. The total purchase price was $34.8 million, exclusive of closing costs.
The residential sector is one of J.P. Morgan Asset Management’s high-conviction investing themes, driven by the resilience of and strong demand for housing. The 2021 pricing bubble motivated developers to introduce new supply, which softened rents despite growing wages and strong apartment absorption. Wilmington and Atlanta are examples of markets where new supply has peaked, and rents are now firming. These JPMREIT acquisitions will benefit from a recovery in rental rates across their submarkets.
“These acquisitions underscore our confidence in the residential sector and our belief in the continued growth and resilience of the housing market. As we navigate an environment where homeownership remains significantly more costly than renting, we see a sustained demand for rental properties,” Chad Tredway, CEO and Chairperson of JPMREIT.
Doug Schwartz, Co-President of JPMREIT, added, “The Sunbelt region is experiencing declining supply amidst continued population and wage growth, making it a focal point for our investment strategy. At JPMREIT, we are committed to leveraging these trends by tactically investing in assets where we can create value and in locations where economic and population growth are creating opportunities.”

NEW YORK, NY – Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment management firm, announced an investment in a portfolio of four multifamily assets in lower Manhattan. Funds managed by Hamilton Lane have acquired an 85% interest in the assets of a family office seller. The portfolio comprises 126 multifamily units and 11,050 square feet of prime ground-floor retail space in the highly desired New York City neighborhoods of the West Village and SoHo.
Dalan Real Estate is a vertically integrated real estate firm specializing in New York City multifamily properties. Dalan will retain its 15% interest in the portfolio and will continue to operate the buildings. Hamilton Lane’s partnership with Dalan leverages the firm’s deep familiarity with the assets and expertise in the real estate space.
“We are excited to partner with Dalan, who has deep knowledge of and familiarity with these strategically located multifamily assets, on this transaction. We had high conviction around the acquisition of these assets, which have resilient tenant demand in a desirable location,” said Elizabeth Bell, Co-head of Real Estate at Hamilton Lane.
“Following a decline in U.S. real estate values of about 20% over the past two years, we believe this is an opportunistic time to invest in high-quality assets in prime locations at attractive entry values. Given the scale of the Hamilton Lane platform and our reputation as a supportive capital partner, we have generated significant deal flow and have the flexibility to invest in real estate through various channels, including primary funds, co-investments, secondaries and joint ventures. We remain eager to continue partnering with experts like Dalan in sectors and locations where we have strong conviction,” she added.
“We are very excited to be partnering with Hamilton Lane on this transaction. We have a high level of conviction and ten years of direct knowledge operating these assets which will position our partnership for immediate success. There continues to be great demand for people to live in these neighborhoods and we don’t expect that to change any time soon,” said Daniel Wrublin, CEO of Dalan Real Estate.

IRVINE, CA – Bascom Value Added Apartment Investors VI, LLC, which is sponsored by The Bascom Group, launched a new offering of its securities pursuant to Rule 506(c) under the Securities Act of 1933, as amended. Fund VI is focused on continuing to acquire apartment properties throughout the U.S. that can be repositioned through value-add renovations, management improvements, recovery from being over leveraged and distressed, or may be trading at a significant discount.
The Fund has been actively raising capital and acquiring property assets. The Fund currently owns five apartment properties with approximately $68 million of equity invested. The Fund is seeking to raise an additional approximately $76 million in equity this offering. Since 1996, Bascom has completed over $22.0 billion in multifamily value-added transactions encompassing 365 multifamily properties and over 105,000 units.
David Kim, Managing Partner, states, “We note that certain leading real estate research firms report that apartment prices have dropped 20%–30% from their 2022 peak due to capital market dislocations, rising interest rates, and oversupply in certain markets. We believe this has created opportunities to acquire properties at a discount to peak pricing. In addition, we believe rising mortgage rates and a persistent housing shortage have made homeownership less affordable, resulting in strong demand for rentals. We expect national new housing supply to decline after 2024 and we project rents to increase steadily, which would enable investors to capitalize on inefficiencies and distressed assets in select markets.”
According to the Fund VI Manager, Chad Sanderson, “The Fund sees several potentially attractive investment themes: newer constructed properties trading at discounts to replacement cost, over-leveraged properties that have performed poorly and facing loan maturities, out of favor properties/markets with attractive going in cap rates, properties that have not had the capital invested to compete with newer properties, and areas of distress emerging for certain markets and properties due to oversupply.”
Joe Ferguson, Acquisitions Manager, adds, “The previously acquired properties in Fund VI were either acquired off-market or through a compromised marketing process. Currently, we believe capital market interest and apartment fundamentals vary from market to market and between product types. We believe these variances are creating a buying opportunity for inefficiently priced assets.”

NEW ORLEANS, LA – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand reopening ceremony at Tivoli Place Apartments, marking the completion of an extensive $35 million rehabilitation of the historic property. Tivoli Place provides 163 units of affordable housing for seniors earning no more than 20-60% of the Area Media Income, and the property’s 8 total 20% AMI units are set aside for Special Needs Households.
Tivoli Place is LAC’s first rehabilitation using Historic Tax Credits and its first in the state of Louisiana. LAC’s investment of more than $35 million brought significant upgrades to the century-old building while preserving its historic structure and ensuring it remains designated senior affordable housing.
“Lincoln Avenue Communities is excited to celebrate the reopening of Tivoli Place Apartments,” said David Garcia, LAC Vice President and Regional Project Partner. “This historic rehabilitation ensures access to high-quality affordable housing for seniors in New Orleans and provides residents with new resources and essential services.”
Garcia was joined at the ceremony by representatives from the City of New Orleans and local organizations and businesses including Chase, Stonehenge, Huntington Bank, Finance New Orleans, the Louisiana Housing Corporation, Boston Financial, and Capital One.
“Capital One and Lincoln Avenue Communities have a successful track record of working together to help increase and preserve the supply of affordable housing – a factor in achieving greater economic success in New Orleans and beyond,” said Dan Miller, Capital Officer for Community Finance at Capital One. “Through a financing package that included a Low-Income Housing Tax Credit equity investment and HUD loan, Lincoln Avenue Communities upgraded this historic building and ensured it provides an affordable place to live for years to come.”
Improvements include new central heating and cooling, new plumbing, upgraded finishes, and raised ceiling heights in each unit. New community amenities include a media room, library, fitness center, dining room, bike storage, security upgrades, and health care exam room. LAC also improved the property’s sustainability and resilience by installing new fixtures to reduce the property’s water and power consumption as well as solar panels in the parking lots to offset electricity usage. Residents will have on-site access to preventive health care screenings, exercise classes, mentoring programs, transportation, disability counseling, and other social programs.
Built in 1917, Tivoli Place sits on historic St. Charles Avenue within the Warehouse District, which is part of the City’s Inclusionary Housing Zone designated as a high-cost-of-living area. The neighborhood is home to landmarks including the former city hall, the world’s oldest continually operating streetcar line, the Mississippi River and Caesar’s Superdome.

SALT LAKE CITY, UT – National multifamily developer Wood Partners announced the start of construction on Alta Vista, a 304-unit Class-A multifamily development in Lehi, Utah, a fast-growing suburb of Salt Lake City. The project broke ground in March and is expected to be completed in the second quarter of 2027.
“With its prime location in the Silicon Slopes, this development will provide residents with unparalleled access to top employers, retail and outdoor recreation, all while offering best-in-class amenities and breathtaking mountain views,” said Marcus Robinson, Director of Development, Utah at Wood Partners. “We look forward to delivering a high-quality living experience that meets the growing demand in this dynamic market.”
Located in the heart of Utah’s thriving tech corridor, Alta Vista’s residents will have direct access to major employers and startups, including Adobe, Xactware and Vivint, as well as a wide range of retail and dining options. The community will also offer breathtaking views of the Wasatch Mountains and Utah Valley, a unique feature for future residents.
Alta Vista features a mix of one-, two- and three-bedroom units. The new community will include more than 8,000 square feet of amenity space with a clubroom, an entertaining kitchen, co-working space, fitness center, a speakeasy and an outdoor pool, spa and kitchen. Alta Vista is part of the newly developed master-planned community, Vistas at the Pointe. The community is adding a trail system through the adjacent park, which will feature a playground, pickleball courts and a basketball court for residents to enjoy.
According to CoStar data, following a record surge in multifamily completions in 2024, new deliveries are expected to decline by nearly 50% this year. Despite the slowdown, Wood Partners remains active in the market with multiple projects in the pipeline. Earlier this year, the company closed on Altera Gallatin, a 372-unit multifamily development in Nashville, highlighting its ongoing investment in high-growth markets despite industry headwinds.

ALTAMONTE SPRINGS, FL – FaverGray, a premier multifamily construction firm, announced the successful delivery of The Aston at Uptown, a 261-unit multifamily residential community located at 505 One Center Boulevard in Altamonte Springs, Florida. This project marks a significant milestone in addressing the region’s growing demand for high-quality residential housing.
Situated on a 3.51-acre site, The Aston at Uptown exemplifies modern design and luxury living. The community features a mix of one-, two-, and three-bedroom floor plans, including unique basement units fronting E. Central Parkway, all within a 5-story building.
Residents will enjoy an impressive suite of amenities, including a 6-story parking garage, a central courtyard, a resort-style swimming pool, and a state-of-the-art Clubhouse. The Clubhouse serves as the heart of the community, offering a two-story fitness center, games lounge, sports simulator, clubroom, and leasing offices.
“The Aston at Uptown is a great example of FaverGray’s commitment to building high-quality communities that add value for developers and investors, while also enhancing the Altamonte Springs area,” said John Kitchens, Division Leader at FaverGray. “We’re excited to be part of the city’s growth with this exceptional new residential community.”

CHATTANOOGA, TN – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the purchase of 1400 Chestnut Apartments, a 200-home midrise apartment community in Chattanooga, Tennessee.
Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which sits just south of the vibrant City Center neighborhood and approximately one mile from The University of Tennessee at Chattanooga.
“We are thrilled to announce the acquisition of 1400 Chestnut, our third property in the city,” said David Nelson, president and chief investment officer at Hamilton Zanze. “This acquisition presents an opportunity to secure a high-quality community in a submarket with limited incoming supply. The property’s prime location, near the transformative developments of The Bend, a 120-acre mixed-use community, and the new stadium for the Chattanooga Lookouts, further enhances its appeal.”
Located near the intersection of W. Main Street and Broad Street, 1400 Chestnut was built in 2017 and offers one- and two-bedroom apartment homes. Homes range in size from 672 to 1,202 square feet and include stainless steel appliances, hardwood-style flooring, quartz countertops, shaker-style cabinetry, modern lighting fixtures, tall ceilings, air conditioning, in-home washers and dryers, walk-in closets, extra storage space and brushed-nickel bathroom hardware. Select homes feature private patios or balconies.
Common-area amenities at the pet-friendly community include a saltwater pool with sundeck, fire pits and grills, resident clubhouse, business center, private office space, media lounge, coffee bar, pet spa and an onsite fitness center. Residents also have access to garage parking, bike storage and a bike repair station.
1400 Chestnut sits within a short walk or commute from City Center, which serves as the commercial heart of downtown and offers an eclectic array of retail, dining, nightlife and cultural attractions. The community also sits near the Chattanooga Farmers Market, a Whole Foods Market and the Chattanooga Convention Center. The immediate area also features a variety of transit options that connect to the greater metropolitan area.

SCOTTSDALE, AZ – Scottsdale-based BB Living, the leader in single-family build-to-rent (BTR) housing communities, announced BB Living Desert Ridge, a brand new community of 108 luxury single family rental townhomes in the Desert Ridge area.
With mortgage rates projected to remain high in 2025, purchasing a home is not affordable for many, especially in prime areas like the new Talinn master-planned community.
“Renting a brand new, professionally-managed home is a viable option to get into a prospective homeowner’s ideal neighborhood at a fraction of the cost,” said BB Living president Branden Lombardi.
BB Living Desert Ridge, located at 21022 North 59th Run in Phoenix, begins leasing March 15 for a mid April move-in date with rents starting at $2,710 per month. The community sits on 12.4 acres and offers both three- and four-bedroom floorplans. Each home includes an attached two-car garage, a 10-foot driveway, and large private landscaped backyard featuring pavers, landscaping and turf.
The interior floorplans and specifications include nine-foot ceiling heights, ceiling fans in every room, quartz countertops, full-size front-load washers and dryers, crown molding on cabinets, stainless steel appliances, pre-wired garages for electric vehicle charging, as well as a “Smart Home” system.
BTR is a continually growing real estate trend with strong demand. Desert Ridge is one of the most sought after residential communities in north Phoenix, giving residents access to the top-rated Paradise Valley School District. With top-tier schools, and a multitude of dining, entertainment and hiking options nearby, BB Living Desert Ridge provides the privacy of a home without the stress and commitment of home ownership.
“This neighborhood is highly sought after, and offers families a combination of high-quality homes within a vibrant community that fosters connection and offers convenient access to a variety of dining and entertainment options,” said Lombardi. “Each home features smart technology, spacious floorplans and gorgeous finishes. BB Living Desert Ridge is located within a top-rated school district. We’re excited to welcome residents to experience the perfect blend of convenience and community right in Desert Ridge.”

SALT LAKE CITY, UT – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Marmalade, a contemporary midrise community in the 4th West/Marmalade District of Downtown Salt Lake City.
Modera Marmalade, which will feature 359 homes, represents Mill Creek’s first development within Utah. The wrap-style community will provide panoramic views of the Wasatch Mountains, Downtown skyline and Great Salt Lake, while the Oquirrh Mountains will serve as a prominent backdrop to the west. First move-ins are anticipated for February 2027.
“We’re thrilled for the opportunity to join the Salt Lake City market, and we believe Modera Marmalade will be an outstanding representation as our first community in the state,” said Tyler Greene, managing director of development in Salt Lake City for Mill Creek Residential. “The Marmalade District is growing in popularity thanks to the recent addition of successful new rental homes to the area. We’re eager to help address the housing demand of this rapidly emerging area and look forward to offering a best-in-class experience.”
Situated at 472 West 400 North, the community sits within three blocks of the Downtown hub for Front Runner Commuter Rail and TRAX Light Rail. Front Runner is a WiFi-enabled train that stretches approximately 90 miles through the entire Wasatch Front from Provo to Ogden, while TRAX is a connector rail with service through Downtown, stretching to the Salt Lake City International Airport to the west and University of Utah to the east.
The community features an improving Bike Score of 78, offers expedient access to the numerous brewpubs and dining options within Downtown and is within a short commute of Interstate 15, which connects to the greater Salt Lake area and its thriving employment centers, including the tech-centric Silicon Slopes in the southern portion of the valley.
Modera Marmalade will offer studio, one-, two- and three-bedroom homes with various layouts and an average size of 840 square feet. Community amenities will be highlighted by a rooftop deck with a resort-style swimming pool, grilling area, fire pit and outdoor dining. Additional common area attractions will include a hot tub, sauna, resident clubhouse, game room with pool table, coffee bar, landscaped courtyards, pet park, pet spa and a club-quality fitness center with cardio equipment, individual TVs, Peloton bikes, group fitness area and a yoga/Pilates studio. The community will also offer a conference room, coworking spaces, private workstations, controlled-access garage parking, private EV-charging stations, digital package lockers, bike lockers and additional storage space.
Home interiors will feature two distinct color schemes, nine-foot ceilings, oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, pull-down faucets, tile backsplashes, moveable kitchen islands, breakfast bars, custom soft-close cabinetry with under-cabinet lighting, oversized bedrooms with spacious closets, built-in storage and in-home washers and dryers. Smart features will include controlled-access guest technology, programmable thermostats, key fob access, USB outlets and bulk WiFi. Bathrooms will feature double vanities, backlit mirrors, linen closets, soaking tubs and showers with floor-to-ceiling tile surrounds.